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Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO Preferred and Capital Securities Fund

PFNNX | Fund

$9.34

$977 M

5.08%

$0.47

1.42%

Vitals

YTD Return

10.3%

1 yr return

15.4%

3 Yr Avg Return

0.6%

5 Yr Avg Return

2.8%

Net Assets

$977 M

Holdings in Top 10

23.1%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.42%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 22.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO Preferred and Capital Securities Fund

PFNNX | Fund

$9.34

$977 M

5.08%

$0.47

1.42%

PFNNX - Profile

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.20%
DIVIDENDS
  • Dividend Yield 5.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PIMCO Preferred and Capital Securities Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Apr 27, 2018
  • Shares Outstanding
    N/A
  • Share Class
    I3
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Philippe Bodereau

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in a diversified portfolio of preferred securities and Capital Securities. “Capital Securities” include (1) securities issued by U.S. and non-U.S. financial institutions (including, but not limited to, banks and insurance companies) that can be used to satisfy their regulatory capital requirements and (2) securities, which may include instruments referred to as hybrid securities, that would be subordinated (i.e., fall lower in the capital structure) to at least one type of debt. Hybrid securities may be issued to fulfill ratings criteria for debt securities of an issuer and may, for example, be convertible into preferred shares. Capital Securities may be represented by forwards or derivatives such as options, futures contracts or swap agreements. The “return” sought by the Fund generally consists of income earned on the Fund's investments, plus capital appreciation, if any. The Fund will invest under normal circumstances at least 25% of its net assets in preferred securities. Assets not invested in preferred securities or Capital Securities may be invested in other types of Fixed Income Instruments, including derivatives based on Fixed Income Instruments. “Fixed Income Instruments” include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. In addition, the Fund will concentrate its investments in a group of industries related to banks. There is no limitation on the market capitalization range of the issuers in which the Fund may invest. The average portfolio duration of the Fund normally varies within two years (plus or minus) of the portfolio duration of the securities comprising the 70% ICE BofAML 8% Constrained Core West Preferred & Jr Subordinated Securities Index and 30% ICE BofAML Contingent Capital Index (COCO), as calculated by Pacific Investment Management Company LLC (“PIMCO”), which as of May 31, 2024 was 4.31 years. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates.The Fund will seek to gain exposure to certain newly-issued Regulation S securities through investments in the PIMCO Capital Securities Fund (Cayman) Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Regulation S securities are securities of U.S. and non-U.S. issuers that are issued through private offerings without registration with the SEC pursuant to Regulation S under the Securities Act of 1933. The Subsidiary is advised by PIMCO, and has the same investment objective as the Fund. As discussed in greater detail elsewhere in the prospectus, the Subsidiary (unlike the Fund) may invest without limitation in Regulation S securities.The Fund may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, subject to applicable law and any other restrictions described in the Fund’s prospectus or Statement of Additional Information. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Fund may invest, without limitation, in high yield securities (“junk bonds”) rated below investment grade by Moody’s Investors Services, Inc. (“Moody’s”), or equivalently rated by Standard & Poor’s Rating Services (“S&P”) or FitchRatings, Inc. (“Fitch”), or if, unrated, determined by PIMCO to be of comparable quality. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund may invest, without limitation, in securities denominated in foreign (non-U.S.) currencies and in U.S. dollar-denominated securities of foreign (non-U.S.) issuers. The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 10% of its total assets. The Fund may invest, without limitation, in securities and instruments that are economically tied to emerging market countries. The Fund may invest up to 20% of its total assets in common stock. The Fund may also invest in contingent convertible securities.
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PFNNX - Performance

Return Ranking - Trailing

Period PFNNX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% 3.9% 17.8% 32.05%
1 Yr 15.4% 8.8% 30.9% 41.03%
3 Yr 0.6%* -7.4% 6.6% 65.28%
5 Yr 2.8%* -4.9% 11.2% 35.38%
10 Yr N/A* 0.7% 5.1% N/A

* Annualized

Return Ranking - Calendar

Period PFNNX Return Category Return Low Category Return High Rank in Category (%)
2023 0.2% -3.6% 14.2% 74.36%
2022 -19.7% -29.4% -9.6% 63.89%
2021 -1.2% -3.4% 17.2% 59.72%
2020 3.5% -24.8% 9.0% 2.90%
2019 13.0% 6.4% 19.1% 33.85%

Total Return Ranking - Trailing

Period PFNNX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% 3.9% 17.8% 32.05%
1 Yr 15.4% 8.8% 30.9% 41.03%
3 Yr 0.6%* -7.4% 6.6% 65.28%
5 Yr 2.8%* -4.9% 11.2% 35.38%
10 Yr N/A* 0.7% 5.1% N/A

* Annualized

Total Return Ranking - Calendar

Period PFNNX Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -1.9% 26.5% 76.92%
2022 -13.0% -26.0% -5.8% 54.17%
2021 4.5% -2.5% 27.4% 37.50%
2020 6.7% -19.2% 12.3% 20.29%
2019 20.2% 10.0% 32.0% 24.62%

NAV & Total Return History

PFNNX - Holdings

Concentration Analysis

PFNNX Category Low Category High PFNNX % Rank
Net Assets 977 M 24.1 M 14.5 B 47.44%
Number of Holdings 213 49 439 44.87%
Net Assets in Top 10 208 M 13.2 M 1.89 B 55.13%
Weighting of Top 10 23.12% 11.3% 48.1% 29.49%

Top 10 Holdings

  1. PIMCO PRV SHORT TERM FLT III MUTUAL FUND 7.06%
  2. BANK OF AMERICA CORP JR SUBORDINA 12/99 VAR 3.74%
  3. JPMORGAN CHASE + CO JR SUBORDINA 12/99 VAR 2.09%
  4. ROYAL BANK OF CANADA JR SUBORDINA 05/84 VAR 1.71%
  5. JPMORGAN CHASE + CO JR SUBORDINA 12/99 VAR 1.53%
  6. STICHTING AK RABOBANK JR SUBORDINA REGS 12/49 VAR 1.52%
  7. PNC FINANCIAL SERVICES JR SUBORDINA 12/99 VAR 1.52%
  8. ENERGY TRANSFER LP JR SUBORDINA 12/99 VAR 1.32%
  9. LLOYDS BANKING GROUP PLC JR SUBORDINA 12/99 VAR 1.32%
  10. LLOYDS BANKING GROUP PLC JR SUBORDINA 12/99 VAR 1.30%

Asset Allocation

Weighting Return Low Return High PFNNX % Rank
Bonds 		60.46% 0.00% 97.75% 55.13%
Preferred Stocks 		35.47% 0.00% 125.69% 41.03%
Convertible Bonds 		26.00% 0.00% 31.65% 42.67%
Cash 		8.48% -0.02% 11.04% 6.41%
Stocks 		0.00% 0.00% 41.20% 85.90%
Other 		-4.41% -4.41% 10.15% 97.44%

Bond Sector Breakdown

Weighting Return Low Return High PFNNX % Rank
Corporate 		62.31% 62.31% 100.00% 97.33%
Government 		16.82% 0.00% 21.71% 5.33%
Cash & Equivalents 		7.06% 0.00% 11.04% 6.41%
Securitized 		0.00% 0.00% 0.00% 77.33%
Municipal 		0.00% 0.00% 0.00% 77.33%
Derivative 		-0.56% -0.56% 9.46% 97.44%

Bond Geographic Breakdown

Weighting Return Low Return High PFNNX % Rank
US 		42.97% 0.00% 97.61% 58.97%
Non US 		17.48% 0.00% 22.53% 5.13%

PFNNX - Expenses

Operational Fees

PFNNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.42% 0.05% 4.46% 37.66%
Management Fee 0.99% 0.00% 1.00% 96.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.55% 0.01% 0.55% 100.00%

Sales Fees

PFNNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PFNNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PFNNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 12.00% 199.00% 39.71%

PFNNX - Distributions

Dividend Yield Analysis

PFNNX Category Low Category High PFNNX % Rank
Dividend Yield 5.08% 0.00% 9.59% 64.10%

Dividend Distribution Analysis

PFNNX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

PFNNX Category Low Category High PFNNX % Rank
Net Income Ratio 3.20% 0.88% 7.54% 75.68%

Capital Gain Distribution Analysis

PFNNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PFNNX - Fund Manager Analysis

Managers

Philippe Bodereau

Start Date

Tenure

Tenure Rank

Apr 13, 2015

7.14

7.1%

Mr. Bodereau is a managing director and portfolio manager in the London office and global head of financial research. He is also the lead analyst for global financial institutions. Prior to joining PIMCO in 2004, he was a senior banking analyst at Société Générale in London and Paris. Mr. Bodereau started his career at J.P. Morgan in 1996, where he held various positions in the private banking and global markets divisions in Brussels and London. He holds a master's degree in finance from French business school EDHEC.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 30.32 7.8 11.42

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